Cyber & Data Breach Liability Insurance
Data breaches and Cyber crime are becoming way too common these days. Any organization that uses technology to do business faces cyber risk. And as technology becomes more complex and sophisticated, so do the threats we face – hence its crucial to have cyber liability insurance.
Cyber Liability Insurance generally covers your business' liability for a data breach involving sensitive customer information, such as Social Security numbers, credit card numbers, account numbers, driver's license numbers and health records
As more small businesses choose to use and store digital data, the need for this coverage has expanded to more than just the healthcare and banking industries
When confidential records are breached, companies face a variety of fees (e.g., notification costs, credit monitoring, defending claims by regulators, fines and penalties), and this policy will help to cover those claims.
Who Needs a Cyber Liability Insurance policy?
Any business that stores or processes sensitive information like names, addresses, Social Security numbers, medical records or credit card information needs cyber insurance.
Any third-party who handles your confidential data and information, such as an accountant or IT service, should have their own cyber insurance policy. Be sure to get proof of coverage before hiring them. Contact us to lean more @972.510.5346
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DATA COMPROMISE PROTECTION
Cyber protection protects your business against damage to electronic data and computer systems from a virus or other computer attack. It also protects your business's liability to third parties that may have suffered damage due to security weaknesses in your business's computer system. Cyber protection helps pay for:
- Restoring and recreating data
- Restoring a computer system to its pre-attack level
- Lost business and extra expenses
- Public relations services, to communicate with outside parties concerning a computer attack and the insured's response
IDENTITY RECOVERY PROTECTION
Identity recovery protection helps identity fraud victims restore their credit history and identity records to pre-theft status. Coverage and services extend to key owners, their employees and resident family members. Identity recovery protection includes
- An identity theft help line staffed by counselors and specialized case managers
- Services to correct victims' records to pre-theft status, such as writing letters to credit bureaus and other institutions, as well as preparing communications to send to government agencies
- Expense reimbursement for lost wages, various legal fees, and more
CYBER PROTECTION
Cyber protection protects your business against damage to electronic data and computer systems from a virus or other computer attack. It also protects your business's liability to third parties that may have suffered damage due to security weaknesses in your business's computer system. Cyber protection helps pay for:
- Restoring and recreating data
- Restoring a computer system to its pre-attack level
- Lost business and extra expenses
- Public relations services, to communicate with outside parties concerning a computer attack and the insured's response